Everyman Media Group (EMAN)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM All-Share

 39.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 63.00
  • 52 Week Low: 36.50
  • Currency: UK Pounds
  • Shares Issued: 91.18m
  • Volume: 0
  • Market Cap: £36.02m

Barbenheimer double-feature lifts Everyman in July

By Josh White

Date: Friday 18 Aug 2023

LONDON (ShareCast) - (Sharecast News) - Everyman Media Group said in an update on Friday that trading in the first-half was consistent with prior forecasts.
The AIM-traded firm said that as a result, it was optimistic about matching market expectations for the full-year ending 28 December.

It said group revenue totalled £38.3m for the 26 weeks ended 29 June, slightly down from £40.7m in the first half of 2022.

The board put the dip down to the fact that most major film releases for 2023 were scheduled for the second half of the year.

It said EBITDA for the period stood at £5.8m - down from £7.5m in 2022.

The board said the prior year saw benefits from a reduced VAT rate in its first quarter, contributing £0.9m to EBITDA.

Additionally, 2022 enjoyed the release of a number of popular films in this period.

On the operational front, Everyman said it continued its expansion, inaugurating three new cinema venues towards the end of the first half.

That addition had brought the total number of venues under Everyman Media Group's umbrella to 41.

The board said the release of films such as Barbie and Oppenheimer in the last week of July saw record admissions.

As a result, July boasted group revenue of £10.6m - a significant jump from £7.1m in the same month last year.

EBITDA for the month also surged, to £2.6m from £1.3m.

Everyman said it was hopeful about the latter half of 2023, with films including Dune: Part Two, Wonka, The Hunger Games: The Ballad of Songbirds & Snakes, Napoleon, and Killers of the Flower Moon lined up for release, which should bolster the company's financial performance.

"Everyman remains an affordable and popular choice for consumers," said chief executive officer Alex Scrimgeour.

"The record week of admissions we saw in July demonstrates both the value of original content, and the fact that cinema remains as relevant as ever.

"Alongside this, we continue to see increasing demand for our high-quality food and beverage offering."

Scrimgeour said the "all-encompassing Everyman experience" left the firm well-placed to satisfy consumer demand for premium entertainment.

"None of what we do would be possible without the incredible Everyman team both in our venues and head office.

"I would like to take this opportunity to thank them all for their hard work and willingness to go that extra mile for our customers.

"We have added three carefully-selected new venues to our estate and we look forward to building on the significant momentum we have seen in July and August."

Everyman Media Group said it would publish its interim results for the 26 weeks ended 29 June on 27 September.

At 0812 BST, shares in Everyman Media Group were down 1.67% at 59p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

EMAN Market Data

Currency UK Pounds
Share Price 39.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 63.00
52 Week Low 36.50
Volume 0
Shares Issued 91.18m
Market Cap £36.02m

EMAN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
10.27% above the market average10.27% above the market average10.27% above the market average10.27% above the market average10.27% above the market average
6.12% below the sector average6.12% below the sector average6.12% below the sector average6.12% below the sector average6.12% below the sector average
Price Trend
56.86% below the market average56.86% below the market average56.86% below the market average56.86% below the market average56.86% below the market average
52% below the sector average52% below the sector average52% below the sector average52% below the sector average52% below the sector average
Income Not Available
Growth
37.78% above the market average37.78% above the market average37.78% above the market average37.78% above the market average37.78% above the market average
54.17% above the sector average54.17% above the sector average54.17% above the sector average54.17% above the sector average54.17% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

EMAN Dividends

No dividends found

Trades for --2025

Time Volume / Share Price
0 @ 0.000p

EMAN Key Personnel

CEO Alex Scrimgeour
Finance Director William (Will) Worsdell

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